Maintaining Optimum Cash Flow Is a Basic Fundamental Concept in All

question 10

Multiple Choice

Maintaining optimum cash flow is a basic fundamental concept in all businesses.Cash flow is impacted at the initial request for appointment and is affected by practices that include:

• A)Billing within 15 days of services
• B)Beneficiary verification of patient
• C)Timely processing of denials
• D)Identifying payment below contract rate

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Definitions:

Saving

The act of setting aside a portion of income for future use, typically in a bank account or other secure investment.

Disposable Income

Resources meant for household spending and saving once income tax obligations are settled.

APC

The average propensity to consume, which is the fraction of total income that is spent on consumption as opposed to being saved.

Saving

The portion of income not spent on consumption, often set aside for future investments or expenditures.